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Does anyone have a sense as to how the vote, share price reaction and (hopefully) subsequent higher CZR offer might play out?
For example, would CZR know immediately that their offer has failed and then be able to submit a higher offer outside of trading hours such that the share price does not tank?
Rest assured , I believe hedge funds have been building over the previous few weeks to a point where Caesars will fail to reach the 75% requirement. They will be forced to make a higher offer.
Quite simply funds have far too much invested in Hills to allow it to be sold on the cheap.
I think you will find that certain funds are also and have also been buying to assure Caesars aren’t allowed to get Hills on the ridiculously cheap. Far too many shares have been bought over the last few weeks.
I voted 'no' but think the end is nigh now. SP is perilously close to 272p. If it drops below CZR can buy up swathes of voting rights shares in their quest to get over the 75% threshold.
Yes, as I posted many weeks ago, Caesars will probably, in the end, pick up William Hill for 1bn after selling everything else. It’s a NO from me!
This makes the valuation of £2.72 even more ridiculous unless of course you are Caesars. As it stands they will buy the whole company then be left with a bidding war from prospective parties for the non US assets. Funds will definitely be voting this down now looking for more money.
Wasn’t expecting that ,
I've read today apollo want the european side of wmh
https://uk.finance.yahoo.com/news/apollo-switches-interest-william-hill-191229427.html
Iv posted this today already , but for some reason it’s gone , I can’t understand Apollo not making a better bid surely the bid wasn’t that far off ceasars bid , and gave up so easily, or is it like novice42 said we’re they just forcing Caesars hand , then buy out Caesars, one deal less hassle , but surely if like the analyst say wmh is worth 6 billion , not the 2.9 that’s been offered, there’s a lot of scope there for another bid from someone the difference is to much for there not to be ? , there’s more twist iam sure , I think wmh board knows this has no chance but have to look like there backing Caesars by putting this forward as a good deal , iam watching the share price all the time because money talks soon all will be reviled
I'm out chaps. Good luck all! Hope the offer comes in!
Surely the colour of the trade is totally irrelevant? Some institution(s) sold 8 million shares and one punter bought the lot for £22 million. Can it seriously be an idiot intending to vote 'YES' on the 17th, for the pleasure of losing 3p per share? Thus, I presume, it's a hedgie who is reasonably well informed as to how the voting might be going and reckons he has a good chance of making, maybe, 33p a share by voting NO, with the rest of us, by forcing Caesar's to increase their offer, to get us all off their backs.
If there is a PI who has voted YES, I'd like them to agree to tell us here (no insults, I promise you), then we can can look at their total and make a reasonable guess as to how the vote is breaking out amongst us all. If the NO's aren't leading by 20-1, I'll eat my hat (again!)
BTW, the motley fool (agreed not very reliable, but sometimes . . .) has an article pointing out that WMH is valued at just 1/6th of DraftKings (DKNG on Nasdaq), when both companies have almost identical revenue potentials in the US market. There's a mismatch somewhere.
How do you know they were buys? This site simply states unknown; the stock exchange marks them as XOFF
2 ,11 million buys at 4,15 today ?
Why aren’t Apollo making another offer , surely they were close to Caesars bid , or were they just pushing Caesars hand , may b novice42 is right they are going to buy Caesars after wmh deal done , then no hassle just one deal ,, and if analysts are right then it’s a steal at 2.9 billion it’s being valued by the analyst at 6 billion ,surely at that price someone else has got to bid , to much distances between 2.9and 6 billion , nothing adds up more twist iam sure , thoughts on this ?
If that is your intention, surely you are better off selling now for £2.73 rather than hoping for a yes vote that gets you £2.72?
On that basis I will vote yes rather than see the price drop to £2. A bird in the hand and all that.
No problem, been working all day, better than I thought across my portfolio. This morning opening on William Hill was a bit volatile, thought is would have closed higher.
Thanks morbox
Hargreaves have sent emails via your messages.
Hope we’ve called this right guys, can’t see Apollo offering now, I personally think the offer will be rejected. As Morbox states if they don’t wish to put in more money a JV will do me just fine.
Iangibbins, I got a secure message in my HL message account and now against my William Hill holdings I have a corporate action icon.
Iam with HL they have sent me nothing about voting , is any one else with HL ??
Aj bell sent me a voting form via corporate action but my isa is with halifax and I used the chat function, easy and quick enough to do though.
I questioned why it wasn’t done by a corporate action event and the person dealing with the chat didn’t know but said they had dealt with another customer earlier today and took their instruction through chat. I instructed them to vote AGAINST on my behalf and said I bet the other customer did the same. The response ‘just give me a minute to load my database........ Followed by yes they did!’ Made me smile.
Same here with Halifax had to instruct them via on line chat to reject.
They were not sending anything out on line or by post
Thank you so much, C0mmonSense. I was just about to chase Halifax and you've saved me the effort. Now for an online vote against the deal. Fingers crossed!